Apologies, this asset is no longer on the market. Please contact us to discuss available opportunities
Vice President, Hotels & Hospitality Australia
A huge hotel asset on substantial city centre landbank
JLL’s Hotels & Hospitality Group has the pleasure of offering for sale the freehold interest in the All Seasons Hotel, Bendigo, subject to a long term lease.
The All Seasons property features 77 four star hotel rooms and suites, extensive conference & function facilities, licence to operate 100 valuable gaming machines, large bistro/restaurant, bars, TAB and indoor swimming pool with an enormous offering of quality guest amenities on a significant city centre site.
This landmark asset features:
- Huge underlying tenancy business and future restapling arbitrage
- 100 gaming machines in operation
- Passing net rental of $1,566,914 per annum
- Commanding 35,572sqm* area commercially zoned – future development potential, possible shopping centre site (STCA)
- Fixed rental growth of 3.75% per annum with market review at every option
- True net lease structure, tenant pays 100% of outgoings including Land Tax
- Only 90 minutes* from Melbourne CBD and Tullamarine Airport
The All Seasons Hotel represents an exceptional investment for astute hoteliers to acquire a trophy asset with a substantial underlying business and a large land banking opportunity.
For the Information Memorandum and full details, please contact us.
For sale by International Expressions of Interest closing Thursday 25 May 2017 (if not sold prior)